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STOCK COMPENSATION | 6 Months Ended
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Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
STOCK COMPENSATION | STOCK COMPENSATION The Company maintains the 2002 Omnibus Incentive Plan, as amended and restated, which, among other things, provides for the awarding of stock options and nonvested (restricted) shares to certain officers and directors of the Company. Awards are granted by the Compensation Committee of the Board of Directors based on the performance of the award recipients or other relevant factors. Compensation expense for share based awards is recorded over the vesting period at the fair value of the award at the time of grant. The exercise price of options or fair value of nonvested shares granted under the Company’s incentive plans is equal to the fair market value of the underlying stock at the grant date. The following tables show the activity of options and nonvested (restricted) shares granted, exercised, or forfeited under the Company’s 2002 Omnibus Incentive Plan for the six months ended March 31, 2017:
| Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Yrs) |  | Aggregate Intrinsic Value |
| (Dollars in Thousands, Except Share and Per Share Data)
Options outstanding, September 30, 2016 | 125,560 |  |  | $ | 25.73 |  |  | 2.68 |  | $ | 4,379 |
Granted | — |  |  | — |  |  |  |  |  |
Exercised | (26,352 | ) |  | 32.63 |  |  |  |  | 1,682 |
Forfeited or expired | (16,252 | ) |  | 24.61 |  |  |  |  | 1,272 |
Options outstanding, March 31, 2017 | 82,956 |  |  | $ | 23.76 |  |  | 2.58 |  | $ | 5,371 |
Options exercisable, March 31, 2017 | 82,956 |  |  | $ | 23.76 |  |  | 2.58 |  | $ | 5,371 |
| Number of Shares |  |  | Weighted Average Fair Value at Grant |
(Dollars in Thousands, Except Share and Per Share Data)
Nonvested shares outstanding, September 30, 2016 | 20,656 |  |  | $ | 41.37 |
Granted | 306,603 |  |  | 87.91 |
Vested | (20,629 | ) |  | 72.34 |
Forfeited or expired | (442 | ) |  | 56.25 |
Nonvested shares outstanding, March 31, 2017 | 306,188 |  |  | $ | 85.86 |
During the first and second quarters of fiscal 2017, stock awards were granted to the Company's three highest paid executive officers in connection with their signing of employment agreements with the Company. These stock awards vest over eight years. At March 31, 2017, stock-based compensation expense not yet recognized in income totaled $21.4 million, which is expected to be recognized over a weighted average remaining period of 4.05 years.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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